Category

Nutraceuticals Market Size, Share, Opportunities, COVID 19 Impact, And Trends By Type (Functional Foods, Functional Drinks, Dietary Supplements, Herbal Products), By Application (Food, Food Ingredient, Dietary Supplement, Drug), By Distribution Channel (Online, Offline), And By Geography - Forecasts From 2019 To 2024

Published: May 2021 | Report Code:  KSI061611630 | Pages:  125

The nutraceuticals market is predicted to witness a compound annual growth rate of 5.28% during the forecast period to reach a market size of US$301.578 billion by 2024, increasing from US$221.475 billion in 2018.

The demand for nutraceuticals (nutrition + pharmaceutical) is increasing on account of its ability to treat or prevent diseases in addition to providing nutrition. These are available in the market in the form of functional food and beverages, herbal products like ginger, garlic, onion, turmeric and many more. The growing aging population and growing health concerns worldwide are the major drivers driving the growth of the global nutraceuticals market. Producers term nutraceuticals for what is already available in the market in the form of food, spices, food ingredients, and dietary supplements.

• DRIVERS
o Growing health concerns
o Increasing Incidences of Chronic Diseases

• RESTRAINTS
o High cost involved
o Lack of product awareness

• INDUSTRY UPDATE
o In June 2019, Roquette Introduced PEARLITOL SW-F for Gluten-Free Nutraceuticals Dosage Forms
o In March 2019, Martin Bauer Group Acquired BI Nutraceuticals which is expected to help the organization to broaden its portfolio of ingredients.

The major players profiled in the Nutraceuticals market are Abbott Laboratories, AOR, Ajinomoto Health & Nutrition North America, Inc., Archer Daniels Midland Company, Cargill, Danone S.A., Mead Johnson & Company, LLC, Nestlé, Nordic Naturals, and Omega Protein Corporation among others.

Nutraceuticals Market Scope:

Report Metric Details
 Market size value in 2018  US$221.475 billion
 Market size value in 2024  US$301.578 billion
 Growth Rate  CAGR of 5.28% from 2018 to 2024
 Base year  2018
 Forecast period  2019–2024
 Forecast Unit (Value)  USD Billion
 Segments covered  Type, Application, Distribution Channel, And Geography
 Regions covered  North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies covered Abbott Laboratories, AOR, Ajinomoto Health & Nutrition North America, Inc., Archer Daniels Midland Company, Cargill, Incorporated, Danone S.A., Mead Johnson & Company, LLC., Nestlé, Nordic Naturals, Omega Protein Corporation
 Customization scope  Free report customization with purchase

Segmentation

The Nutraceuticals market has been analyzed through the following segments:

• By Type
o Functional foods
o Functional drinks
o Dietary supplements
o Herbal products

• By Application
o Food
o Food Ingredient
o Dietary supplement
o Drug

• By Distribution Channel
o Online
o Offline

• By Geography

o North America
? USA
? Canada
? Mexico

o South America
? Brazil
? Argentina
? Others

o Europe
? Germany
? France
? United Kingdom
? Spain
? Others

o Middle East and Africa
? Saudi Arabia
? Other

o Asia Pacific
? China
? Japan
? South Korea
? India
? Others


Frequently Asked Questions (FAQs)

Q1. What will be the nutraceuticals market size by 2024?
A1. The nutraceuticals market is predicted to reach a market size of US$301.578 billion by 2024.
 
Q2. What factors are anticipated to drive the nutraceuticals market growth?
A2. These are available in the market in the form of functional food and beverages, herbal products like ginger, garlic, onion, turmeric, and many more.
 
Q3. What are the growth prospects for the nutraceuticals market?
A3. The global nutraceuticals market is predicted to witness a CAGR of 5.28% during the forecast period.
 
Q4. What is the size of global nutraceuticals market?
A4. The nutraceuticals market was valued at US$221.475 billion in 2018.
 
Q5. Who are the major players in the global nutraceuticals market?
A5. The major players profiled in the Nutraceuticals market are Abbott Laboratories, AOR, Ajinomoto Health & Nutrition North America, Inc., Archer Daniels Midland Company, Cargill, Danone S.A., Mead Johnson & Company, LLC, Nestlé, Nordic Naturals, and Omega Protein Corporation among others.

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